Archie Conway, WalletHub Financial Advisor
@ArchieConway
Chase Ink purchase protection covers new purchases for 120 days against damage or theft, up to $10,000 per item and $50,000 per account. The benefit provides reimbursement for repair costs or to replace a covered item. Full coverage applies to items purchased entirely with a Chase Ink business card and/or any earned rewards. Partial payments are covered only up to the amount charged.
Notable Chase Ink Cards with Purchase Protection
- Cash Back: Ink Business Cash® Credit CardInk Business Cash® Credit CardLearn MoreLearn Moreon issuer's website
- Travel Rewards: Ink Business Preferred® Credit CardInk Business Preferred® Credit CardLearn MoreLearn Moreon issuer's website
- No Annual Fee: Ink Business Unlimited® Credit CardInk Business Unlimited® Credit CardLearn MoreLearn Moreon issuer's website
- High Initial Bonus: Ink Business Premier℠ Credit CardInk Business Premier℠ Credit CardLearn MoreLearn Moreon issuer's website
It’s important to note that not all purchases are covered under this benefit. Some excluded items are motorized vehicles, used items, antiques, and computer software. Purchased items that are misplaced without explanation, rather than stolen, are also ineligible for coverage. A comprehensive list of excluded items is available on your Chase Ink card’s Guide to Benefits.
How to File a Chase Ink Purchase Protection Claim
You can file a Chase Ink purchase protection claim online or by calling the Chase Benefit Administrator at (888) 320-9956 within 90 days of a covered loss. You must submit a completed claim form and any supporting documents within 120 days of the incident. You should be reimbursed within five business days after the claim is verified and all requested documents have been received.
People also ask
Does Chase Ink Preferred offer purchase protection?
Yes, Chase Ink Preferred does offer purchase protection. It covers the damage or theft of eligible purchases for up to 120 days after the purchase date. Purchase protection will reimburse Chase Ink Preferred cardholders for up to $10,000 and up to $50,000 per cardholder.
How to File a Purchase Protection Claim with the Chase Ink Preferred
- Call the Benefit Administrator within 90 days of the incident at (888) 320-9956 or the number in your card’s benefits guide.
- File...
How does Chase credit card purchase protection work?
Chase credit card purchase protection covers you for up to $50,000 annually for lost, damaged, or stolen items. Claims must be filed within 120 days of the incident in order to be eligible. Protection covers the cardholder and the recipient of items purchased as gifts on an eligible Chase credit card.
When you file a claim, Chase will either repair or replace the item, at the Benefit Administrator’s discretion. In some cases, you will be reimbursed...
read full answerHow do you use Chase Sapphire purchase protection?
You can use Chase Sapphire purchase protection to repair or replace items paid for with a Chase Sapphire Preferred or Chase Sapphire Reserve® credit card. Just note that not all purchases are covered. Also, you have to submit a claim within 120 days of buying something to be eligible.
The Chase Sapphire Preferred Card covers you for up to $500 per item and $50,000 per account. The Chase Sapphire Reserve Card’s converge amount, on the other hand, is up to $10,000 per...
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